One-half of Korea's population aged 65 and over lives in relative poverty, nearly four times higher than the OECD average of 13%. Elderly poverty is thus an urgent social problem. The immediate priority is to target the Basic Old-Age Pension on the lowest-income elderly to ensure that they...

This paper presents the Multidimensional Poverty Index (MPI), a measure of acute poverty, understood as a person’s inability to meet minimum international standards in indicators related to the Millennium Development Goals and to core functionings. It constitutes the first implementation of...